Bennie would be shocked and amazed, and more than a bit furious. He had to dodge and weave the cops to run numbers, knowing that eventually he would get pinched. And today, you can’t watch a football game without competing commercials for a minor variation on a theme. FanDuel or DraftKings?
How is this possible? And how did a fun water cooler pastime turn into a multibillion dollar industry overnight? It’s the same lie that allows a stock market to exist. Fantasy football isn’t a game of chance, but a game of skill. You buy that, right?
The key to the industry’s growth is a loophole. Considered a game of “skill” versus “chance,” daily fantasy sports is exempt from the 2006 Unlawful Internet Gambling Enforcement Act, which prohibited payments to online gambling sites. As a result, the industry is essentially unregulated, left to monitor itself.
